$2,700,000
Yakima, WA 98901
MLS# 16-1480
Status: Closed
39233 sqft
1 / 8
Property Description
THE LIBERTY BUILDING is a well-know, vibrant 4-story multi-tenant office building with an underground parking garage that's located in the heart of the walking corridor of downtown Yakima. Last acquired by a mix of local and regional investors in late 2007, the building has undergone above-standard, extensive remodeling and has become a popular choice to locate in by downtown professionals. Current ownership has established a positive leasing climate that's resulted in a consistent occupancy
Details
Maps
Documents
Contract Information
Current Price: $2,700,000
MLS Service Begin Date: 2016-06-10
Status: Closed
Sold Price: $2,700,000
List Pr Description: Total List Price
Sub Type: Commercial Property
Seller Disclosure: No
General Property Description
Year Built: 1919
Total Apx SF: 39233
Total Approx Lot SF: 10454
List Price Per SqFt: 83.9
Acreage M/L: 0.24
Realtor.COM Type: Commercial
Sale/Lease: For Sale
Main Use: Office
Detail Use: Office Building
Location, Tax & Legal
Area (with SubArea): 1A - NE Yakima
House Number: 32
Street Dir: N
Street Name: 3rd
Street Suffix: St
State/Province: WA
Zip Code: 98901
Status Change Info
Sold Date: 2017-01-30
Under Contract Date: 2016-06-10
Status Change Date: 2017-02-01
Sold Price: $2,700,000
Financing: CONV
Property Information
# Stories: 4
Cap Rate %: 9
Property Features
Domestic Water: Public Water
Heat: Forced Air; Gas
Lot Size: 0 - .25 Acres
Roof: Built-Up
Sewage System: Connected
Sq Ft Source: Blue Print
Zoning: CBD - Cent Bus Dist
Supplements
percentage ranging from 85 - 100% since late 2008.
Investor fatigue and changes among the current ownership dynamic provide for this unique opportunity to step into a value-add project mid-way through its completion where a clear, proven road map is in place and where ownership's established track record and reputation make for an easy transition.
This offering is meant to sell, using transparency without unfavorable manipulation of NOI or suppression of the cap rate.
*For disclosure purposes, listing broker has a minority ownership interest in the property, therefore seller's ownership group includes a licensed real estate broker in the state of Washington.
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Listing Office: Almon Commercial-Residential Real Estate
Last Updated: September - 07 - 2024
Property profiling information contained herein is believed to be accurate, but may contain approximations or estimates where appropriate. The information contained herein is not guaranteed. This information is provided for the sole use and benefit of those authorized to access Yakima Association of Realtors® ('YAR') Multiple Listing Service ('MLS') information, and may not be reproducerepresened to third parties as information produced, warranted, or represented by YAR or MLS to be guaranteed.